The BEST, most Original COMING DEPRESSION website and blog that gives YOU the information you need to comprehend the economic situation in the world today. BOOKMARK this site for regular updates! Email this blog to your FRIENDS AND FAMILY, CO-WORKERS AND NEIGHBORS and ANYONE YOU CARE ABOUT! Be prepared! Be Informed!

Core Euro-zone countries are effectively being black mailed by Greece to finance Greece's public budget deficit and the interest payments due on the ever expanding debt mountain, none of which that the Greece population are having to bare the consequences of, for were they then Greece would have gone bust Iceland style a year ago. The facts are that IF Greece were not being financed as a consequence of being within the Euro-zone then all of the middle class of Greece would have already been swiftly wiped out, as the value of earnings, savings and assets would have collapsed along with the Greek economy as a consequence of the markets immediate adjustment to the true level of debt and inability to ever repay.

Sunday, June 26, 2011

The dollar collapse will be the single largest event in human history. This will be the first event that will touch every single living person in the world. All human activity is controlled by money. Our wealth,our work,our food,our government,even our relationships are affected by money.

No money in human history has had as much reach in both breadth and depth as the dollar. It is the de facto world currency. All other currency collapses will pale in comparison to this big one. All other currency crises have been regional and there were other currencies for people to grasp on to.

This collapse will be global and it will bring down not only the dollar but all other fiat currencies,as they are fundamentally no different. The collapse of currencies will lead to the collapse of ALL paper assets. The repercussions to this will have incredible results worldwide.

Thursday, June 23, 2011

The current situation regarding the state of recovery in the US has turned from precarious to dismal and as we predicted a year ago May we will have to be treated to QE3 something no one really wants, but as we said before it is inevitable. The Fed and their controllers, the member bank owners of the Fed, know the present approach doesn’t work and it is only a matter of time, as a result of their policies, when more stimulus will be needed, which in turn leads to more inflation.

Due to the current state of affairs Fed Chairman Bernanke has been making one appearance on TV after another. He gets grilled over and over again and he doesn’t like the public reception at all. He shouldn’t, as more and more observers see that two quantitative easings haven’t worked. They cost at least $3.6 trillion in funds created out of thin air, and all they have done is prolong the agony. The flip side is the policy has caused higher inflation. What else can one expect when deficits astound and the Fed has to buy $1.6 trillion in Treasury bonds. A large percentage of this debt is used to wage perpetual war for perpetual peace. During this process the President has bypassed the Constitution and is deliberately repressing the freedoms of American citizens. There no longer is a separation of powers, but virtual dictatorship bought and paid for by Wall Street and banking.

It should be firmly implanted in your mind that your masters in government and those controlling government brazenly and arrogantly believe that they know better what is good for you, than you do. That is why when they speak to you their answers are dripping with condescension - as if to say, how dare you question what we tell you. Fed Chairman, Mr. Bernanke, is a perfect example of this. He, others and his predecessors have created a false economy based upon perpetual debt and upon money and credit being created out of thin air. Today that is accompanied with zero interest rates, a combination that in time can only bring a falling dollar, inflation and a collapsing economy. Mr. Bernanke appears to believe that an increased supply of money has little or no effect on the comparison between money and the prices of goods. He has to be living in a fairy tale land. Thinking such as this can only end up making a bad economic situation worse.

Wednesday, June 22, 2011

Almost three years ago crushing debt brought Lehman Brothers, a 158-year-old investment bank to its knees. It was a bankrupctcy bigger than any our world has ever seen. Lehman's failure was 10 times the size of Enron. If fact, its demise was bigger than the spectacular failures of General Motors, Chrysler, Worldcom, Delta Airlines and Enron. Combined!

Saturday, June 11, 2011

A recent poll revealed that almost half of the US thinks another great depression is on the horizon. Why are Americans expecting another economic disaster? Political columnist Harold Meyerson gives his take on how to keep America afloat.

Wednesday, June 8, 2011

Last week the U.N. warned of a possible collapse of the US dollar –if its value against other currencies continues to decline. The U.N. mid-year review of the world economy did not get extensive coverage. Their economic division said that a crisis of confidence in the dollar, stemming from the falling value of foreign dollar holdings, would imperil the global financial system. This trend had recently been driven by interest rate differentials between the U.S. and other major economies and growing concern about the sustainability of the U.S. public debt, half of which is held by foreigners including the Chinese government. - Gold and the Collapsing Dollar

Friday, June 3, 2011

We believe that the devaluation of paper money can’t be stopped and is ongoing, we are at the end of a cycle. First of all the middle class, which act as an important buffer against boom/bust cycles in the economy, needs to be wiped out before the financial imbalances can sort their effect. The problems in Europe won’t be reversed, we have passed the tipping point, politicians and monetary authorities try to rescue the situation purely for their own benefit: re-election! Next to that they are not really addressing the structural problems that have brought us in the situation we are in. In fact what the politicians are doing is exhausting the system for the inevitable break down. The same is happening in the US where the housing market keeps on deteriorating, a development we predicted several years ago. Don’t be surprised if the housing market in the US will fall by another 50%. The reason is, that as previously stated, mortgage owners don’t have any real responsibility for their mortgages and can thus walk away whenever it suits them. And the more the market deteriorates the more homeowners will walk away.

U.S. stocks were headed for a sharp sell-off at Friday's open, following a weak report from the government showing a disappointing slowdown in job growth.
Dow Jones industrial average, S&P 500 and Nasdaq futures were more than 1% lower ahead of the opening bell. Futures measure current index values against perceived future performance.

Over the last few months, signs of a stalling recovery have been building, with stocks delivering their worst monthly performance in May since August 2010.-Stocks: Bracing For Brutal Open

Thursday, June 2, 2011

Forget Gerald Celente, now the Drudge Report headlines that we're heading into a great depression, and everyone else seems to be jumping on the bandwagon, too.

Are we about to see a repeat of 2008 (or something even worse)? Suddenly all kinds of people are coming out of the woodwork and warning that we could be on the verge of the next major financial collapse. Of course many economists and financial pundits just enjoy hearing themselves talk, and sometimes they will make outrageous claims just to get attention, but when so many ominous warnings come out all at once it does tend to make one sit up and take notice. The truth is that global financial markets are even more vulnerable today than they were in 2008, and all over the globe we are seeing trouble signs.